17 Questions
What does management entail in the broader sense?
Achieving organizational goals through people
Which functions are excluded from the scope of management?
Production, finance, marketing, and personnel
Who is credited with summarizing the essence of management in modern society?
Peter F. Drucker
What role does the determination of objectives play in an organization?
Success depends on identifying and laying down objectives
Which of the following best describes the scope of management?
Management confines to concepts, principles, and managerial functions
In what way does management play a unique role in modern society?
By significantly contributing to both organizations and society
What is one of the roles of management in a business, as stated in the text?
Directing group effort towards objectives
What does management do to meet the challenges in a business?
Makes policy decisions and predicts future outcomes
What does management provide to an enterprise, as mentioned in the text?
New ideals, imaginations, and vision
How does management contribute to the smooth running of a business?
Through better planning and control
What is one of the social benefits provided by management, according to the text?
Raising the standard of living by providing quality products at low prices
How does management contribute to national economic development?
Being a crucial factor in economic and social development
What is the main reason why management is considered essential in a business?
To provide repeated stimulus
Why is employment generation mentioned as an outcome of management activities?
To expand and create more job opportunities
What does the text emphasize as the essential role of management in a developing country like India?
Providing essential stimulus for businesses
Which factor remains stagnant without the presence of effective management?
Factors of production
What aspect distinguishes management from administration according to the text?
Expansion and diversification activities
Explore the definition and scope of management in the organizational context. Learn about the art of getting things done through people and the key activities involved in planning, organizing, leading, and controlling. Understand how management principles are essential for achieving organizational goals.
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